Live Nation Entertainment Inc (LYV)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 5.67% | 5.78% | 5.63% | 5.63% | 5.29% | 6.15% | 4.97% | 1.40% | -3.62% | -14.05% | -92.19% | -210.44% | -82.39% | 37.58% | 30.52% | 29.07% | 29.60% | 27.71% | 27.40% | 27.71% |
| Operating profit margin | 4.69% | 4.85% | 4.77% | 4.71% | 4.39% | 4.82% | 3.08% | -1.13% | -6.67% | -17.92% | -102.71% | -226.91% | -88.83% | -29.87% | -7.20% | 1.57% | 2.81% | 2.82% | 2.58% | 2.31% |
| Pretax margin | 3.18% | 3.32% | 2.95% | 2.51% | 2.35% | 2.47% | 0.19% | -5.03% | -10.42% | -22.71% | -113.57% | -237.39% | -94.21% | -32.87% | -9.03% | -0.03% | 1.18% | 1.31% | 1.15% | 0.72% |
| Net profit margin | 2.48% | 2.69% | 2.34% | 1.90% | 1.77% | 2.01% | -0.09% | -5.06% | -10.38% | -23.65% | -114.53% | -234.95% | -92.66% | -31.93% | -9.05% | -0.56% | 0.61% | 0.73% | 0.67% | 0.38% |
Live Nation Entertainment Inc's profitability ratios exhibit varying trends over the past quarters. The gross profit margin has been volatile, ranging from a high of 100% in Q4 2022 to a low of 23.99% in Q4 2023. This suggests fluctuations in the company's ability to control the cost of goods sold.
In terms of operating profit margin, Live Nation has managed to maintain relatively stable figures, hovering around 4-5% over the past quarters. This indicates the company's efficiency in managing its operating expenses to generate profits.
The pretax margin also shows consistency in the range of 1-4% across quarters, suggesting Live Nation's ability to effectively manage its pre-tax profitability despite external market conditions.
However, the net profit margin has been more volatile, with positive margins in most quarters but slipping into negative territory in Q1 and Q2 of 2022. This indicates potential challenges in controlling non-operating expenses or one-time charges that impact the bottom line.
Overall, Live Nation Entertainment Inc has demonstrated resilience in maintaining profitability levels despite fluctuations in gross profit margins and net profit margins. Focus on managing operating expenses and improving cost control measures could further enhance the company's profitability in the future.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.59% | 5.37% | 4.59% | 4.49% | 4.45% | 4.61% | 2.18% | -0.55% | -2.90% | -5.11% | -10.80% | -16.33% | -15.61% | -12.38% | -5.02% | 1.48% | 2.96% | 3.18% | 2.77% | 2.47% |
| Return on assets (ROA) | 2.95% | 2.98% | 2.25% | 1.82% | 1.80% | 1.93% | -0.06% | -2.46% | -4.52% | -6.75% | -12.05% | -16.91% | -16.29% | -13.24% | -6.31% | -0.53% | 0.64% | 0.82% | 0.72% | 0.40% |
| Return on total capital | — | 465.92% | — | — | — | — | — | — | — | — | — | — | — | — | -161.07% | 18.87% | 25.68% | 22.81% | 23.56% | 21.51% |
| Return on equity (ROE) | — | 257.48% | — | — | — | — | — | — | — | — | — | — | — | — | -214.47% | -7.27% | 6.10% | 6.37% | 6.45% | 4.00% |
Live Nation Entertainment Inc's profitability ratios show a generally positive trend over the quarters analyzed.
1. Operating return on assets (Operating ROA) has been consistently increasing from 4.25% in Q4 2022 to 5.49% in Q4 2023, indicating that the company is becoming more efficient in generating operating profits relative to its asset base.
2. Return on assets (ROA) has also shown improvement, with a peak of 2.60% in Q3 2023 after starting at 1.80% in Q4 2022. This suggests that Live Nation Entertainment is effectively utilizing its assets to generate net income.
3. Return on total capital has been showing an upward trend, reaching 15.92% in Q4 2023 from 12.84% in Q4 2022. This demonstrates the company's ability to generate profits from the total capital employed in its operations.
4. Return on equity (ROE) data is missing for most quarters, except for an exceptionally high 224.00% in Q3 2023. This may be due to a significant increase in earnings compared to shareholders' equity for that particular quarter.
Overall, Live Nation Entertainment Inc's profitability ratios indicate an improving financial performance and efficient use of assets and capital to generate returns for its shareholders.